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On January 1,2022, the Culver Company ledger shows Equipment $28,800 and Accumulated Depreciation $8,100. The depreciation resulted from using the straight-line method with a useful

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On January 1,2022, the Culver Company ledger shows Equipment $28,800 and Accumulated Depreciation $8,100. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $1,800, On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation. Revised annual depreciation

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